Sell Your Future Settlement Payments For CASH

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Glossary related to Structured Settlement Transactions

 

Certificate Annuity: A certificate annuity is an annuity where the interest rate guarantee time equals the surrender charge period.

Annuity: A stream of periodic payments made over time normally over monthly, quarterly, semi-annually, annually and are usually made by life insurance companies. Annuity payments can be received for a specific time period, or for an entire lifetime.

Do you have a structured settlement? Are you set to receive future payments for a lawsuit settlement? If so, you may be able to sell your future payments and get a large amount of cash for the payments. Get started >

Charitable Gift Annuity: This is an investment vehicle where donors transfer assets to charity organizations for exchange of an income tax deduction. The payments from the annuity can be right away or a future date.

Risk tolerance: How much risk of loss you are willing to take in order to achieve an investment goal, such as the potential for a higher rate of return.

Structured Settlements: This is normally a type of secure annuity. Annuity payments every month or periodic payments are then sent to the injured and over usually long periods of time the settlement is paid in full. The laws have been adjusted so that the structured settlement receiver can get lump sum money amounts from the annuity in lieu of a set of planned payments or the entire remainder of the structured settlement can be paid in a lump sum. This is usually done with a settlement purchaser company and the courts and judge must see the request and approve it at the judge level. A court order is created to permit the cash to be exchanged for future payments. The lump some is always less then the real amount if the injured would have waited. The settlement owner pursuing a lump sum must show a reasonable and responsible need for the funds. The judge will determine if a lump sum will be permitted to the settlement owner.

Deferred Annuity: Deferred annuities have a contract that has accumulation and can be funded by a one time lump sum or with many payments. A deferred annuity is also described as a structure that would allow you to accumulate funds for retirement and financial needs all with a tax-deferred basis.

 

Do you have a structured settlement? Are you set to receive future payments for a lawsuit settlement? If so, you may be able to sell your future payments and get a large amount of cash for the payments. Get started >

Underwriter: Person who assesses the eligibility and risk factor of applicants. An investment banker who buys an entire issue of securities from the issuer and then sells them to individual and institutional investors.

Insurance Endowment: In insurance, a policy that pays the face amount to the insured if living on the maturity date, or to a beneficiary if the insured dies before that date.

Ten Percent Penalty Tax: IRS imposes this penalty for withdrawing untaxed money pre-tax contributions or earned interest from an annuity prior to age 59 and 1/2.

Bonus rate: Many fixed annuities offer higher interest crediting rates in the 1st year of the contract. Normally after the first year the rate falls back to a rate similar with the current average rates. Many variable annuities offer more credit to the annuity when the annuity is purchased.

Lump Sum Payment: The amount of a lump sum is always much lower than if all of the payments were made over time. Inflation and present value of money is often a reason to take a lump sum from a settlement or early payments being purchased from an annuity. Lump sums can also be payments from an annuity contract, on a specific date in the future, usually built into a plan to deal with foreseeable requirements such as education or vehicle replacements.

Structured Settlement Factoring Transaction: This is a transfer of structured settlement payment rights including portions of structured settlement payments made for consideration by the way of a pledge, assignment, sale, or other form of encumbrance of alienation for consideration. US CODE: Title 26, 5891 speaks about the details permitted by law. It does not include a subsequent transfer of structured settlement payment rights acquired in a structured settlement factoring transaction

 

Do you have a structured settlement? Are you set to receive future payments for a lawsuit settlement? If so, you may be able to sell your future payments and get a large amount of cash for the payments. Get started >